Suneel Research Foundation FY2020 filing

Tax-deductible

Buffalo, NY501(c)(3)Foundations & GrantmakersEIN 03-0436723Revenue $25K in FY2020

On file with the IRSsuneelslight.org2372 Sweet Home Road, 14228-2330 · Buffalo, NYTax-exempt since Jul 2003Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation raises money to foster and advance medical and scientific Research to find a cure for duchenne's muscular dystrophy. In addition, the Foundation seeks to prevent and alleviate suffering & promote education & awareness of duchenne's muscular dystrophy.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $18K a year · 46% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
222 mo
of spending, in cash
Looks good: 221.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25K
Spent
$25K
To programs
67%
Net assets
$468K
By yearFY2020–FY2024
Revenue
$25K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$25K
FY2021$24K
FY2022$36K
FY2023$75K
FY2024$32K
Expenses
$25K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$25K
FY2021$21K
FY2022$98K
FY2023$51K
FY2024$87K
Net assets
$468K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$468K
FY2021$471K
FY2022$410K
FY2023$434K
FY2024$379K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $17K Management & general 9% · $2K Fundraising 24% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Suneel Research Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds medical research and raises awareness to cure Duchenne's muscular dystrophy.

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Provided by the organization

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1 program · $17K · in their own filed words · FY2020
01

The Foundation funds research activities to find a cure for Duchenne's Muscular Dystrophy (DMD). Currently there are a number of clinical trials underway for drugs developed to treat various aspects of DMD.

$17Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$10K
Grants paid · 7 grants · $249K · 2020–2024
National Writing ProjectCA · FY2024$50,000
Umass Chan Medical SchoolFY2024$24,687
National Writing ProjectCA · FY2023$48,000
National Writing ProjectCA · FY2022$75,000
Charleys Fund INCMA · FY2022$17,000
Charleys Fund INCMA · FY2021$17,000
Charleys Fund INCMA · FY2020$17,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$25K
Ln 12
Gifts and grantsLn 1h$22K
Investment incomeLn 3$3K
Money outPt IX
$25K
Ln 25
Programscol B$17K
Managementcol C$2K
Fundraisingcol D$6K
Owns and owesPt X
$468K
net assets · Ln 32
Cash and savingsLn 1–2$468K
Total assetsLn 16$468K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Investment incomeLn 3$3K
Total revenueLn 12$25K
Assets in detailPt X, end of year
CashLn 1$46K
SavingsLn 2$422K
Cash and savings togetherLn 1–2$468K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$468K
LiabilitiesLn 26$0
Net assetsLn 32$468K
OperationsPt I, VI
EmployeesI 51
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$468K$468K
Land, buildings, equipmentLn 10c$27$0
Total assetsLn 16$468K$468K
LiabilitiesLn 26$0$0
Net assetsLn 32$468K$468K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K$17K
Other salaries and wagesLn 7$2K$0$0$2K
Payroll taxesLn 10$982$0$0$982
Advertising and promotionLn 12$216$0$0$216
Office expensesLn 13$588$0$0$588
Conferences, conventions and meetingsLn 19$2K$0$0$2K
Depreciation, depletion and amortizationLn 22$27$0$0$27
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$2K$0$1K$492
Total functional expensesLn 25$25K$17K$2K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $32K$87K−$55K$379K 990 PDF
FY2023 $75K$51K$24K$434K 990 PDF
FY2022 $36K$98K−$61K$410K 990 PDF
FY2021 $24K$21K$3K$471K 990 PDF
FY2020 Viewing $25K$25K$45$468K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $25,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,516$22,382
I-9 Program service revenue$0
I-10 Investment incomePrior year $6,042$2,978
I-11 Other revenuePrior year $14,545$0
I-12 Total revenuePrior year $37,103$25,360
I-13 Grants and similar amounts paidPrior year $22,000$17,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,035$3,102
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,282$5,213
I-18 Total expensesPrior year $49,317$25,315
I-19 Revenue less expensesPrior year −$12,214$45
Part VI · Governance 12 of 12 board members independent, 5 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $25,360 across 4 lines filed
VIII-1f All other contributions, gifts and grants$22,382
VIII-1h Total contributions, gifts and grants$22,382
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $2,978$2,978
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,978$25,360
Part IX · Statement of functional expenses $25,315 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $17,000$17,000
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $2,120$2,120
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $982$982
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $216$216
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $588$588
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $1,600$1,600
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $27$27
IX-23 InsurancePrograms $0 · Management $1,201 · Fundraising $0$1,201
IX-24 Other expenses (24a–d)Programs $0 · Management $1,089 · Fundraising $492$1,581
IX-25 Total functional expensesPrograms $17,000 · Management $2,290 · Fundraising $6,025$25,315
Part X · Balance sheet $468,111 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $48,054$45,706
X-2 Savings and temporary cash investmentsStart of year $419,985$422,405
X-10c Land, buildings and equipment, netStart of year $27$0
X-16 Total assetsStart of year $468,066$468,111
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $468,066$468,111
X-33 Total liabilities and net assetsStart of year $468,066$468,111
Part XI · Reconciliation of net assets $468,111 net assets at year end
XI-1 Total revenue$25,360
XI-2 Total expenses$25,315
XI-3 Revenue less expenses$45
XI-4 Net assets at start of year$468,066
XI-10 Net assets at end of year$468,111

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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